Ermenegildo Zegna N.V. (NYSE:ZGN) Receives $11.37 Average PT from Analysts

Ermenegildo Zegna N.V. (NYSE:ZGN) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $11.3714.

Several brokerages have issued reports on ZGN. Sanford C. Bernstein began coverage on Ermenegildo Zegna in a research report on Tuesday, November 25th. They set an “outperform” rating and a $13.00 target price for the company. Bank of America reiterated a “neutral” rating and set a $11.20 price objective (down from $11.50) on shares of Ermenegildo Zegna in a research note on Friday, January 16th. UBS Group lifted their target price on Ermenegildo Zegna from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ermenegildo Zegna in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group began coverage on shares of Ermenegildo Zegna in a research report on Tuesday, October 14th. They issued a “buy” rating and a $12.90 price objective for the company.

Ermenegildo Zegna Trading Down 0.2%

Shares of ZGN opened at $9.55 on Friday. The company’s fifty day simple moving average is $10.39 and its 200-day simple moving average is $9.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 0.79. Ermenegildo Zegna has a twelve month low of $6.05 and a twelve month high of $11.07.

Institutional Trading of Ermenegildo Zegna

Several institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC acquired a new position in shares of Ermenegildo Zegna in the 3rd quarter valued at about $25,000. California State Teachers Retirement System purchased a new stake in shares of Ermenegildo Zegna during the second quarter worth approximately $33,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Ermenegildo Zegna in the second quarter valued at about $54,000. Lazard Asset Management LLC acquired a new stake in Ermenegildo Zegna in the 2nd quarter valued at about $54,000. Finally, Legal & General Group Plc purchased a new position in Ermenegildo Zegna during the second quarter worth approximately $59,000. 12.91% of the stock is currently owned by institutional investors and hedge funds.

About Ermenegildo Zegna

Ermenegildo Zegna is a global luxury fashion house specializing in men’s tailored clothing, casualwear, accessories, footwear and fragrances. With a focus on high-quality fabrics and craftsmanship, the company manages the entire value chain from wool sourcing and textile production to garment design, manufacturing and retail distribution.

Founded in 1910 by Ermenegildo Zegna in Trivero, Italy, the company began as a textile mill dedicated to producing fine wool fabrics. Over the decades it expanded into ready-to-wear clothing and built a reputation for sartorial excellence.